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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Willis Lease Finance's Cost of Goods Sold for the three months ended in Mar. 2024 was $30.8 Mil. Willis Lease Finance's Average Total Inventories for the quarter that ended in Mar. 2024 was $63.1 Mil. Willis Lease Finance's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.49.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Willis Lease Finance's Days Inventory for the three months ended in Mar. 2024 was 187.04.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Willis Lease Finance's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.53.
The historical data trend for Willis Lease Finance's Inventory Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Willis Lease Finance Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 3.29 | 2.20 | 1.91 | 2.44 | 2.67 |
Willis Lease Finance Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Inventory Turnover | Get a 7-Day Free Trial | 0.82 | 0.65 | 0.58 | 0.66 | 0.49 |
Willis Lease Finance's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Inventory Turnover (A: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2023 ) | / ( | (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) |
= | 106.132 | / ( | (38.577 | + | 40.954) | / | 2 ) |
= | 106.132 | / | 39.7655 | ||||
= | 2.67 |
Willis Lease Finance's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover (Q: Mar. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Mar. 2024 ) | / ( | (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) |
= | 30.765 | / ( | (40.954 | + | 85.165) | / | 2 ) |
= | 30.765 | / | 63.0595 | ||||
= | 0.49 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Willis Lease Finance (NAS:WLFC) Inventory Turnover Explanation
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Willis Lease Finance's Days Inventory for the three months ended in Mar. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2024 ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | 63.0595 | / | 30.765 | * | 365 / 4 | |
= | 187.04 |
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Willis Lease Finance's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 63.0595 | / | 119.083 | |
= | 0.53 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of Willis Lease Finance's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Willis Charles F Iv | director, 10 percent owner, officer: Executive Chairman | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Scott B. Flaherty | officer: SVP, CFO | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Brian Richard Hole | officer: President | 4700 LYONS TECHNOLOGY, SUITE 2215, COCONUT CREEK FL 33073 |
Hans Jorg Hunziker | director | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Austin Chandler Willis | director | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Rae Ann Mckeating | director | PO BOX 593, MCCALL ID 83638 |
Robert J. Keady | director | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Robert T Morris | director | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Dean Michael Poulakidas | officer: SVP, Gen. Counsel, Secretary | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Anthony R. Spaulding | officer: SVP, Technical Services | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Donald A Nunemaker | officer: EVP, General Mgr. Leasing | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Bradley Stewart Forsyth | officer: SVP, CFO | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Ernest J. Furtado | officer: Interim CFO | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Coon W William Jr | director | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Judith M Webber | officer: SVP, Technical Services | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
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